WebApr 5, 2024 · No, senior citizens who don't have income from business and profession shall not be liable for interest u/s 234B. Q - Is 234b and 234c applicable to 44ad? Taxpayer paying tax under presumptive scheme then only one installment is their to pay advance tax. WebPENALTY U/S 234F (FEES) FOR LATE FILING OF ITR. Under this section, the fee (penalty) is levied if the Income-tax return is not filed within the due date. It is likely to be increased from 1st April 2024 onward as per Section 234F of the Income Tax Act. Provisions of Section 234F of the Income Tax Act are as follows.

Fees for Delay in Filing Income Tax Return u/s 234F - Tax2win

WebApr 9, 2024 · Rs 5,000 – If return is furnished upto 31st December of assessment year. Rs 10,000 – If return is furnished after 31st Dec (i.e. from 1st Jan to 31st March of the relevant assessment year) However, if the … WebJan 5, 2024 · The quantum of fees shall depend upon time of filing the return of the total income. Late fees u/s. 234F (if ITR is filed after due date) I. If total income is less than … herne pieper

Income Tax Department to Refund Late ITR Filing Fee

WebSep 10, 2016 · The amount of interest shall be Rs. 105 u/s 234 C {i.e. 1% interest on Rs. 3500 (13,500-10,000) for 3 months}. We hope after reading you are more aware about sec 234 A/B/C. We request you to file your ITR within the due date provided so that no interest is demanded from you. WebDefinition of Foot. A foot (symbol: ft) is a unit of length. It is equal to 0.3048 m, and used in the imperial system of units and United States customary units. The unit of foot derived … WebJan 11, 2024 · Meaning of Due Date U/s 139(1) Non Audit Cases : 31st July. Audit Cases : 31st Oct, ... NOTE : Any Company, Firm and any other assessee whose are liable for … maximum hours for a 17 year old